Climate Change to Pose Major Threat for Global Jackfruit Market

The latest market report published by Credence Research, Inc. “Global Jackfruit Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”. The Global Jackfruit Market generated revenue of around USD 297.77 million in 2021 and is anticipated to grow a CAGR of over 3.42% during the forecast period from 2022 to 2028 to reach around USD 342.48 million in 2028. While, cumulative growth opportunity presented by the global Jackfruit is around USD 2.25 billion during 2022 to 2028.

Global Jackfruit Market, 2021 – 2028 (USD Million)

Browse the full report at  Jackfruit Market: Growth, Share, and Competitive Analysis, 2016 – 2028 | Credence Research

Mainly grown in tropical areas, jackfruit is native to western ghats of India and Sri Lanka. However, it’s also grown in Philippines, Malaysia, and Indonesia. Jackfruit is the largest of all tree born fruits in the world. It can be eaten raw of cooked in various recipes. Jackfruit can weight up to as high as 20 kilograms. It is also termed as veg meat. Jackfruit is a rich source of vitamins, minerals and phytochemicals.

Golden Nugget to Grow at Rapid Pace

Golden Nugget, Cheena, Golden Pillow, Tabouey, Black Gold, Cochin and Others  are some of the important types of Jackfruits produced and consumed across different region. However, Golden Nugget is growing in demand and held significant share in total revenue generation with over 25% in 2021. While, Cheena, Golden Pillow and others segments collectively held over 50% share in total revenue generation in 2021 and poised to play important role in growth of Jackfruit in the years to come.

Growing Demand for Raw Consumption is Driving the Growth of Jackfruit

Fresh Consumption, Beverages, Confectionery, Aroma, and Others are major application markets for the global Jackfruit industry. Raw Consumption segment held the largest share of global Jackfruit industry in 2021 with over 40% contribution to revenue generated by Jackfruit market. Secondly, food processing, feed, and industrial applications are also expected to grow at a significant CAGR which in turn likely to drive demand for Jackfruit. However, climate change is likely affecting the productivity and yield of jackfruit. Moreover, allergic reactions and ill effect on health of people suffering from chronic as well as acute kidney disease may arrest the growth of jackfruit market.

Asia Pacific is Second Leading Market for Jackfruit

Asia Pacific is leading the Jackfruit industry with over 50% share in 2021. India, Bangladesh, Sri Lanka, Philippine, Indonesia and Malaysia dominate production as well as consumption of jackfruit. While, Europe and North America hold very little market share. Demand for jackfruit is growing in Europe and North America as an alternative to meat. Moreover, growing awareness among end-user regarding health benefits offered by jackfruit is mainly driving the demand for jackfruit.

Significance of War between Russia & Ukraine for Jackfruit Importers

As Ukraine and Russia has meager contribution in production as well as consumption of jackfruit the impact of war between Russia and Ukraine will be minimal on this market.

Major players operating in the Jackfruit industry include Anna Food Product, Artocarpus Foods Pvt. Ltd., Frubites, Island Valley Delights, Jackfruit365, Madam Sun, Mother Dairy Fruit Vegetable Pvt. Ltd, Natureloc, Nutty Yogi and The Jackfruit Company.

Market Segmentation

Global Jackfruit Market        

Global Jackfruit Market by Company, 2016 – 2028

  • Anna Food Product
  • Artocarpus Foods Pvt. Ltd.
  • Frubites
  • Island Valley Delights
  • Jackfruit365
  • Madam Sun
  • Mother Dairy Fruit Vegetable Pvt. Ltd
  • Natureloc
  • Nutty Yogi
  • The Jackfruit Company
  • Others